Gundlach-TCW Dispute Settled

Bloomberg Businessweek is reporting that the acrimonious and public litigation between the "Bond King" Jeffrey Gundlach and his former firm TCW has been settled. We've blogged about this case a number of times and you'll recall that the litigation and damages assessments had not concluded at the time of settlement.

TCW and the company founded by Gundlach, DoubleLine Capital LP, “jointly announce that they have settled all claims between and among themselves as well as DoubleLine Funds Trust, Jeffrey Gundlach, and other individuals,” TCW said yesterday in a statement. “The terms of the settlement are confidential and the parties will not discuss them.” DoubleLine separately issued a statement confirming the agreement.